Pharos Integrates Chainlink CCIP to Power RWA Markets

Pharos, a programmable Layer 1 open finance, formally built-in the Chainlink customary from day considered one of its mainnet launch.

The undertaking chosen Chainlink’s Cross-Chain Interoperability Protocol (CCIP) because the canonical cross-chain infrastructure, which ensures safe and dependable cross-chain worth switch and messaging.

Pharos has additionally deployed Chainlink Information Streams to assist the event of high-quality real-world asset (RWA) markets with quick and correct value information. Constructed on Chainlink’s tokenization infrastructure, Pharos is positioned to scale enterprise-grade tokenized RWAs for world adoption.

Pharos goals to ship cutting-edge enterprise options for establishments centered on inexperienced finance, digital funds and programmable asset possession. The platform goals to make institutional-quality RWAs accessible to particular person traders, accelerating RWA adoption, increasing entry to DeFi, and including new individuals to the ecosystem.

To energy these markets and join them to the broader multi-chain panorama, Pharos depends on correct, low-latency on-chain market information and a safe infrastructure for worth and message switch, making Chainlink Information Streams and Chainlink CCIP vital elements of its structure.

“Pharos adopting Chainlink CCIP as its canonical cross-chain infrastructure and Chainlink Information Streams for low-latency market information represents a significant step ahead in enabling safe, high-performance, cross-chain purposes. By adopting the Chainlink interoperability customary, Pharos allows builders to launch institutionally scalable purposes for tokenized real-world property, powered by the identical safe Chainlink infrastructure that has already enabled tens of trillions in onchain transaction worth,” stated Johann Eid, Chief Enterprise Officer at Chainlink Labs

By leveraging CCIP as a cross-chain basis, Pharos takes benefit of a number of layers of deep safety supplied by Chainlink’s decentralized Oracle Networks (DONs). These networks encompass high-quality oracle node operators that independently validate every cross-chain transaction.

The combination of CCIP additionally allows safe and simplified token transfers by way of the Cross-Chain Token (CCT) customary, making tokens straight transferable between chains with no vendor lock-in.